Alberti was a solicitor, the son of a liberal politician who had been a pioneer of the Danish savings bank system.

The family background lead to his own career as the leader of Den sjællandske Bondestands Sparekasse from 1890 but very early he was also involved in speculations and doubtful economic transactions partly due to his ludomania.

Perhaps in order to neutralise further attacks, he entered politics in 1892 representing the right wing of the liberal movement.

Prime minister J. C. Christensen ignored the critics as long as possible but in the end had to ask Alberti to resign.

[citation needed] The affair was a scandal that echoed over all of Europe and also involved Alberti's British business partners.